Scrutiniser''s Report on voting results in respect of the Annual General Meeting
KIRLFER · price
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Kirloskar Ferrous Industries held its 34th AGM on 4 August 2025 via video conferencing, with voting conducted through remote e-voting and e-voting at the meeting. About 67.7% of outstanding shares (roughly 11.15 crore shares) were polled across all resolutions. All seven resolutions were passed with overwhelming support — six ordinary resolutions cleared with over 99.97% in favour, and one special resolution (raising up to ₹1,000 crore via Non-Convertible Debentures on private placement) also passed with 99.9997% support. Key items approved include adoption of FY25 audited financials, confirmation of interim dividend and declaration of final dividend for FY25, reappointment of Mr. Rahul Chandrakant Kirloskar, appointment of Ms. Aditi Atul Kirloskar as Director, ratification of the Cost Auditor's remuneration, appointment of M/s. M.J. Risbud & Co as Secretarial Auditor for a 5-year term (34th to 39th AGM), and the ₹1,000 crore NCD borrowing authorisation. Of the 1,06,695 members on record date, 9 promoter-group representatives and 61 public shareholders attended through VC.
Strong shareholder approval across the board signals smooth governance and no dissent on key matters. Shareholders benefit from confirmed dividend payouts for FY25, while the ₹1,000 crore NCD authorisation gives the company flexibility to raise debt for growth or refinancing. The Kirloskar family continues to hold board influence with Rahul Kirloskar's reappointment and Aditi Kirloskar joining the board. No negative impact on stock price expected — this is a routine regulatory disclosure with all proposals passing comfortably.